Socialism in Theory Is an Economic System in Which

question 29

Multiple Choice

Socialism in theory is an economic system in which:

• A) government sees to it that people work for the common good until they could be relied upon to do that on their own.
• B) the invisible hand insures that individual decisions are made for the common good.
• C) government owns the means of production, but individual self-interest determines how production is organized.
• D) individuals are able to act in the best interest of everyone without direction from government or the invisible hand.

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Definitions:

Four-drive Theory

A motivational theory suggesting humans are driven by four basic needs: acquire, bond, comprehend, and defend, that influence behavior and decision making.

Hard-Wired

Something that is innately set or programmed in a way that is difficult to change.

Evolution

A process by which different kinds of living organisms are believed to have developed from earlier forms during the history of the earth.

Deficiency Needs

Deficiency needs are basic human requirements that must be met for individuals to develop normally, according to Abraham Maslow's hierarchy of needs.